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[brief comment on nickel in SMM] Shanghai nickel stopped falling after 4 consecutive periods, and paid attention to the trend of consolidation in the later stage.
Jun 10,2019 16:21CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 10 / PRNewswire-Asianet /-

Shanghai nickel 1907 opened at 95600 yuan / ton, at the beginning of the day, bulls increased positions, Shanghai nickel shock upward, touch high 96950 yuan / ton, and then slightly fell back to 96400 yuan / ton line. In the afternoon, Shanghai nickel was supported by the daily average, and the center of gravity fluctuated in a narrow range around the 5-day moving average of 96400 yuan / ton, closing at 96230 yuan / ton. Throughout the day, the Shanghai Ni 1907 contract closed at the Xiaoyang line of the upper shadow line, which has broken through the 5-day moving average, up 610 yuan per ton, or 0.64 percent, compared with the settlement price of the previous trading day, and the trading volume was reduced by 522000 hands to 304000 hands. Reduce your position by 6300 to 175000. The opening of the daily line technology KDJ converges. In the evening, pay attention to the Shanghai nickel shock consolidation state, whether it can break through the 5-day moving average. At night, attention should be paid to the year-on-year data on the manufacturing output ring and the industrial output ring in the UK in April.

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